Tweet Your Legislator

About The Campaign

“My Money, My Health” is a campaign dedicated to ensuring employee contributions to their Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) are protected from the looming Cadillac Tax. The tax should be repealed in full. However, in order to provide immediate relief to the 50 million Americans currently relying on FSAs and HSAs to make their health care affordable, Congress should at least exempt individuals' contributions to HSAs and FSAs from the tax's calculation.

Without this fix to the current structure of the Cadillac Tax, middle class families will face an immediate and devastating impact in a way that was never intended.

Click here to learn more about the "My Money, My Health" campaign, and how you can get involved to make sure your voice is heard.

News

Last evening, President Trump signed a bill which would fund the government for another three weeks, thereby ending the three-day shutdown of the government. The bill text is here. Included in section 4002 of the bill is a provision which would delay the effective date of the excise tax on high-cost employer-sponsored health plans (the "Cadillac Tax") for two additional years, until 2022. ECFC has been lobbying for repeal of the Cadillac Tax since its enactment as part of the Affordable Care Act and for the delay of the implementation of the tax until full repeal can be enacted. This extension of the effective date of the implementation of the tax is good news for ECFC and its membership.

Republican leadership in the House of Representatives have released a proposed legislation to provide short-term funding of the government until February 16, 2018, thereby avoiding a government shutdown this Friday. The bill text and an explanation of the bill’s provisions is contained here http://docs.house.gov/billsthisweek/20180115/BILLS-115SAHR195-RCP115-55.pdf As part of this bill, the effective date of the excise tax on high-cost health plans (the “Cadillac Tax”) would be delayed for an additional two years, so that the tax will not become effective until 2022 rather than 2020. The bill also addresses other tax provisions that were part of the Affordable Care Act, such as the medical device excise tax and the excise tax on health insurers. In addition, the bill would extend the Children’s Health Insurance Program (CHIP) for six additional years.

Congress will need to address the funding of the government by Friday to avoid a government shutdown. The short-term funding legislation proposed by House Republican leadership will need to be voted on before then and we may see changes to this proposal to help garner support for the bill. The Senate must also agree to a short-term funding legislation, but there are reports that Senate Democrats may filibuster the bill if it does not address immigration matters such as an extension of the Deferred Action on Childhood Arrivals (DACA) program that President Trump has suspended. Consequently, it is unclear as to whether the short-term funding legislation proposed by House leadership will be enacted thereby averting a government shut-down.

ECFC has sent a letter to the Speaker of the House, Paul Ryan, thanking him for the inclusion of the Cadillac Tax delay in the short-term funding legislation and expressing our support for the bill. ECFC members should contact their legislators in Congress to ask them to support this legislation which will delay the effective date of the Cadillac Tax.

Today, the Ways and Means Committee Republicans announced the introduction of a number of bills dealing with taxes imposed by the Affordable Care Act. (See the press release here.) Of particular interest to ECFC members is a bill providing for a one-year delay the excise tax on high-cost health plans (the “Cadillac Tax”).

Flex plan helps me afford my precription drugs

Shared by Susan Sieger - 12/3/2015

I am worried that the Cadillac tax will cause my employer to eliminate this valuable program...

I have a high deductible health plan and take several prescriptions for asthma and allergies all year long. My flex plan helps me budget for my expenses and allows me a tax deduction to help offset the cost of my ongoing medical expenses. Without my flex plan I would not get a tax break on my out of pocket medical expenses because the itemized deduction threshold is 10% of my income. I am worried that the Cadillac tax will cause my employer to eliminate this valuable program that helps me afford the care I need to manage my medical conditions. I urge Congress to carve out consumer directed accounts from the Cadillac tax calculation to ensure that working Americans like myself can continue to rely on these consumer accounts to help me afford my health care!

“My Money, My Health” is supported by the Employers Council on Flexible Compensation (ECFC), the leading nonprofit organization promoting choice in benefit solutions. For more information, please visit ecfc.org.